Esh Group agrees deal to part with plant hire company

Esh Group is pleased to announce that it has agreed terms with the management team of its plant-hire business, Mechplant North East Ltd, to hand over full control of the business.

Following discussions with the team at Mechplant, Esh Group agreed to allow its shares in the business to be acquired. This leaves the management, who previously held a minority stake, to become independent of Esh Group.

Andy Radcliffe, CEO of Esh Group, said: “As Esh Group continues to drive its simplification agenda, allowing us to focus on the larger, strategically important parts of our group, it’s really pleasing to see Mechplant being taken over by its long-standing management team.

“The team will be able to invest the time and effort into the future of the business and take it on to greater and better things.”